Started from Hong Kong Island

Chapter 383 381 [Waiting]

August 80
All major newspapers reported on the acquisition of Furama Hotel in Central by Golden Court Hotel, which aroused considerable doubts.

"Is Mr. Li a little confused? The debt of Golden Court Hotel has exceeded 7% of its market value. Isn't it worried about the risk of bankruptcy?"

"The annual income of a hotel is at most 20 to 30 million yuan. The interest generated is even greater than the income. Isn't this a bad debt?"

"Maybe Li Daheng has other plans."

"Li Wendi is going to fail this time. The Furama Hotel is not worth the price at all. 4.2 million yuan, I think 2.2 million yuan is about right."

Faced with various doubts from the outside world, Li Wendi knew that it was unlikely for the Golden Pavilion Hotel to raise funds for share offering, so he summoned Gao Yi to find a way to clear some debts.

"Sell some of the interests of the Golden Court Hotel in Kowloon city to Mingcheng Real Estate Company in exchange for funds to repay the debt that is about to mature. I calculated that 1.4 million yuan of debt is about to mature. The asset value of the Golden Court Hotel has doubled now, to around 7 to 8 million yuan, and its market value is only 6.8 million yuan. After paying off 1.4 million yuan, the debt ratio can be reduced to 5%, and the Golden Court Hotel will be much better." said Li Wendi.

"Should we wait until this matter is over before the Golden Pavilion Hotel raises funds and issues new shares?" Gao Yi asked.

"This is the plan, but it may not go as planned. If it goes well, we can return those rights and interests to the Golden Pavilion Hotel." Li Wendi said.

"Is it necessary to hold a press conference to clarify this matter?" Gao Yi suggested.

Li Wendi thought about it and decided that he could give it a try. It wouldn’t cost much money and it might produce some results.

"You go make arrangements."

"Okay!" Gao Yi talked about another thing. "Boss, Li Xiaohe from the Li family in Causeway Bay passed away. The news came that he died of a heart attack."

Hearing this, Li Wendi was slightly stunned. The Li family prospered under the leadership of Li Mingze and Li Xiaohe. Since the assassination of Li Xishen, these two people not only allowed the Li family to get rid of the side business of selling opium, but also solved the difficulties of so many enemies. Their abilities are evident.

The biggest legacy left by Lee Hysan was a mountain. The Lee brothers dug up the mountain and sold the stones to the Hong Kong government for land reclamation. The land evolved into the hinterland of Causeway Bay today, which is also the home of the Lee family.

Li Mingze is a few years older than Li Xiaohe, and he won't be able to hold on for much longer. The third generation of the Li family cannot be said to be unsuccessful, but they are not as good as the Li brothers.

The Li family is not a monolithic entity. Now only Li Mingze is holding them accountable, which is a bit of a stretch.

It is inevitable that some people have other thoughts about the legacy left by Li Ka-shing, and Li Wendi took a fancy to Li Ka-shing's United Soda.

There is still one important question left, which is who will be in charge of TVB.

In the previous life, Li Ho-wo's two sons wanted to compete with Run Run Shaw, but unfortunately they were no match for Run Run Shaw and Li Ho-wo could only suppress them barely when he was alive.

"Who do you think we should support to manage Wireless?" Li Wendi said thoughtfully.

"Why don't we manage it ourselves?" Gao Yi glanced at Li Wendi and said, "Originally, Run Run Shaw was a suitable candidate, but now he doesn't get along with us, so he has to be excluded."

Li Wendi laughed and said, "Run Run Shaw has nowhere to go. In the film industry, he is being chased by Zou Wenhuai's Golden Harvest. His market share is not as good as before. As for the cinema, it is not as popular as before. If he had just enjoyed his old age, he could have retained this honor. Unfortunately, this old guy is a restless person."

“But if we are asked to manage it, we don’t have ready-made talents,” Li Wendi added.

"This is indeed a big problem. Can we promote someone from within?" Gao Yi asked.

"Originally there was a suitable candidate, but now he is working on his own. Go collect some information on the senior staff of TVB and we will choose a puppet from them." Li Wendi ordered.

"Yes! I'll do it right away!"

Ding-ling-ling! ! The phone rang, startling Li Wendi, who was deep in thought just now.

"Hello! What's the matter?" Li Wendi said.

The secretary's sweet voice came over the microphone, "Mr. Run Run Shaw of Shaw Brothers Film Company wants to invite you to have lunch tomorrow."

Li Wendi said unhappily, "Tell him I'm not free and I won't be free in the future."

Now he knows he is anxious, but Li Wendi is not anxious at all and sits on the Diaoyutai.

In the afternoon, Swire Properties and Carrian Group held a press conference, saying that the two companies would cooperate to develop the land of the old wing of Miramar Hotel, with an investment of nearly 28 billion yuan.

This immediately caused the stock prices of the two companies to surge, with an increase of more than 13%.

Li Wendi was very clear that this was one of Chen Songqing's hype methods to defraud the Hong Kong Land Development and HSBC. The cooperation of this business also caused the Hong Kong Land Development to have a debt of more than 100 billion yuan.

Of course, it is unlikely to successfully acquire the Hong Kong Land Development, because both the Hong Kong government and the British need the Hong Kong Land Development as their face project. Li Wendi also does not want to fall out with the Hong Kong government. After all, he will have to work under the British for another ten years.

However, it is impossible for the Swire Properties to get away with it easily. Although it can avoid the death penalty, it cannot escape the punishment of living punishment and will inevitably be skinned alive by Li Wendi.

Today, the market value of the Carrian Group has reached 36 billion yuan, making it a well-known large company in Hong Kong.

Li Wendi exhaled, "In another half a year, it's time to start preparing for a big crash. It will take a lot of money to scare the Landmark Company."

After get off work in the evening, when Li Wendi returned to the Repulse Bay Villa, he actually saw Li Wan playing. However, Li Wan was holding a cat in her hands, which made Li Wendi frown slightly.

"Xiao Wan, what are you doing?" Li Wendi stared at Li Wan.

Of course Li Wan felt the hostility emanating from Li Wendi. She was dazed for a moment and did not answer Li Wendi.

"Give me the rope." Li Wendi grabbed the rope, and as soon as he let go, the cat ran away.

Li Wan pursed her lips and looked like she was about to cry. It was unclear whether it was because of Li Wendi's anger or because the cat ran away.

"Why are you dragging the cat? Don't you know it hurts the cat if you pull it like this?" Li Wendi let out a long sigh, calmed down, and asked gently.

"The cat refuses to leave and doesn't want to play with me." Big tears fell from Li Wan's eyes.

Two servants ran out, saw Li Wendi, and stood aside again.

"If you are tired and don't want to play, then Daddy will pull you and force you to play. If you don't go and Daddy drags you, how will you feel?" Li Wendi gently pinched Li Wan, "Does it hurt like this?"

Seeing Li Wan nod, Li Wendi said, "The same goes for the cat. It will hurt too. Find the cat later and apologize to it, okay?"

"Yes! I apologize to it." Li Wan nodded.

"Okay, stop crying." Li Wendi asked again, "Who brought you here? Was it Mommy?"

Li Wan shook her head. "No, it was my aunt. My aunt said she would bring me to see my little brother. Is my little brother born by my mom? Why haven't I seen him before?"

(End of this chapter)